New Hampshire Insurance Company Faces a Law Suit from the Former Owner of Atlanta Hawks Bruce Levenson

The New Hampshire Insurance Company is confronted with a lawsuit filed against it by the old owner of the NBA franchise, the Atlanta Hawks, for a contract breach resulting from former general manager Danny Ferry’s claims. The current owner of the franchise, Tony Ressler is, however, exempted from the current legal tussle. The controversy pits AHABE Group, and Bruce Levenson, the Controlling Partner who were the previous owners against the insurer. Bruce Levenson is a Co-founder and Senior Partner of UCG (United Communication Group). He started out as a journalist for the Washington Star, and the Observer Publishing. Apart from that, he has been a director in organizations like Newsletter and Electronic Publishers Association, TechTarget.com, and the President of “I Have a Dream Foundation.” He holds a Bachelor of Arts degree from Washington University, and a J.D. from American University.

The civil litigation against Bruce Levenson and AIG Insurance Company was filed on Sept. 13th in the Supreme Court of Fulton, and it specifies insurance bad practice and breach of contract as the reason for the lawsuit. AHABE contends that despite being insured for losses against workplace-related policies such as misdemeanors, and wrongful termination, the insurance agency took no action to honor the claims introduced by Ferry on April, 2nd, 2015 as specified in the plan. The $18 million contract with the Hawks and Ferry over a period of six years ended abruptly two days before there was an undisclosed buyout arrangement on 22nd June 2015 between the group led by Ressler and the franchise.

So far, the total amount of money claimed remains confidential, but according to documents in court, the liability limits of the policy taken out by AHABE is sufficient to cover the cost of the application although AIG denies any knowledge of the policy being triggered, or that a claim was filed. Discussions between Ferry’s counsel and the Hawks have failed to yield a settlement despite the fact that the claim is covered by the policy. The refusal to pay the losses has no justification, according to AHABE, and it is a sign of bad faith by AIG.

https://www.nsf.gov/staff/staff_bio.jsp?lan=blevenso

Bruce Levenson’s Atlanta Hawks Ownership Group Seek To End AIG Insurance Fight

An ongoing insurance dispute between the former ownership group of the Atlanta Hawks NBA franchise and the New Hampshire based insurance giant AIG that has been in play since the Summer of 2015 looks set to end in court after the Bruce Levenson led former consortium filed papers alleging breach of contract on the part of the insurance provider. The papers have been filed at a Fulton County Court by the legal team for Bruce Levenson and his fellow former owners of the Hawks franchise who believe a constructive dismissal claim should have been completed as part of an insurance policy held at the time former General Manager Danny Ferry agreed to a mutual termination of his six year $12 million contract.

The legal team for Bruce Levenson has stated an initial claim was discussed as early as April 2015 by the then Hawks owners as negotiations were taking place with potential buyers for the franchise over comments made by Danny Ferry. The legal papers go on to state Ferry’s actions prompted AIG to agree in principle to the insurance claim; however, Bruce Levenson’s legal team has stated the insurance provider has cut off all contact with the Atlanta Hawks basketball and Entertainment consortium headed by Bruce Levenson since the sale of the team to Tony Ressler’s group was announced in June 2015 according to ESPN.

Bruce Levenson (brucelevenson.com) has a number of interests in life, including the continued development of the UCG company he founded with business partner Ed Peskowitz in Washington D.C. Providing a better life for communities ion Maryland and Washington D.C. has been a major part of the life of Bruce Levenson and is reflected in his financial backing for the Center for Philanthropy and Nonprofit Leadership at the University of Maryland where he continues to provide support for awards given to worthy causes nominated by students across the campus.

https://en.wikipedia.org/wiki/Bruce_Levenson